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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Statement of Cash Flows [Abstract]    
Net cash provided by (used in) operating activities $ 617 $ 1,081
Cash flows from investing activities    
Sales, maturities and repayments of fixed maturity securities 3,681 8,687
Sales, maturities and repayments of equity securities 27 16
Sales, maturities and repayments of mortgage loans 823 533
Sales, maturities and repayments of limited partnerships and limited liability companies 86 142
Purchases of fixed maturity securities (5,773) (8,972)
Purchases of equity securities 0 (3)
Purchases of mortgage loans (920) (1,972)
Purchases of limited partnerships and limited liability companies (298) (207)
Cash received in connection with freestanding derivatives 4,958 724
Cash paid in connection with freestanding derivatives (2,138) (1,341)
Receipt on loan to affiliate 100 0
Issuance of loan to affiliate (100) 0
Net change in policy loans 84 74
Net change in short-term investments (2,099) (384)
Net change in other invested assets (23) 39
Net cash provided by (used in) investing activities (1,592) (2,664)
Cash flows from financing activities    
Policyholder account balances: Deposits 4,572 3,522
Policyholder account balances: Withdrawals (1,127) (1,465)
Net change in payables for collateral under securities loaned and other transactions 3,479 (969)
Long-term and short-term debt issued 100 412
Long-term and short-term debt repaid (101) (1)
Dividends paid to parent (800) 0
Financing element on certain derivative instruments and other derivative related transactions, net (698) 44
Other, net (25) (27)
Net cash provided by (used in) financing activities 5,400 1,516
Change in cash, cash equivalents and restricted cash 4,425 (67)
Cash, cash equivalents and restricted cash, beginning of period 2,493 3,494
Cash, cash equivalents and restricted cash, end of period 6,918 3,427
Supplemental disclosures of cash flow information    
Net cash paid (received) for interest 35 1
Net cash paid (received) for income tax $ 1 $ 0